Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹634Cr
Castings, Forgings & Fastners
Rev Gr TTM
Revenue Growth TTM
20.85%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

UNIABEXAL
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 2.3 | 40.2 | 28.0 | -5.8 | -14.7 | -4.2 | -15.9 | -6.7 | 79.8 | -10.9 | 19.7 | 8.2 |
| 30 | 34 | 37 | 31 | 29 | 34 | 36 | 34 | 45 | 32 | 41 | 40 |
Operating Profit Operating ProfitCr |
| 23.3 | 26.2 | 32.9 | 31.7 | 14.1 | 22.0 | 22.0 | 19.4 | 26.3 | 17.4 | 26.4 | 12.7 |
Other Income Other IncomeCr | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 3 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 9 | 12 | 18 | 14 | 5 | 10 | 11 | 8 | 17 | 7 | 15 | 7 |
| 2 | 3 | 5 | 4 | 1 | 2 | 3 | 2 | 4 | 2 | 4 | 2 |
|
Growth YoY PAT Growth YoY% | 66.8 | 237.8 | 434.2 | 49.6 | -47.6 | -15.4 | -35.4 | -49.4 | 267.4 | -23.4 | 33.5 | 3.4 |
| 16.7 | 18.7 | 23.4 | 23.2 | 10.2 | 16.5 | 18.0 | 12.6 | 20.9 | 14.2 | 20.1 | 12.0 |
| 33.3 | 43.5 | 65.7 | 53.0 | 17.4 | 36.7 | 42.5 | 26.8 | 64.0 | 28.1 | 56.7 | 27.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| 2.2 | -20.6 | 0.1 | 30.3 | 11.0 | 14.0 | 2.2 | 30.5 | 19.3 | 10.4 | 7.3 | 4.1 |
| 73 | 57 | 63 | 74 | 74 | 84 | 84 | 116 | 135 | 131 | 149 | 158 |
Operating Profit Operating ProfitCr |
| 7.3 | 8.4 | -1.1 | 8.9 | 18.0 | 18.4 | 19.6 | 15.3 | 17.2 | 27.4 | 22.8 | 21.5 |
Other Income Other IncomeCr | -5 | 2 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 7 | 9 |
Interest Expense Interest ExpenseCr | 4 | 4 | 4 | 3 | 4 | 3 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 7 | 7 | 6 | 5 | 5 | 5 | 5 | 4 | 4 | 5 | 5 | 5 |
| -11 | -4 | -9 | 2 | 8 | 13 | 15 | 17 | 25 | 48 | 45 | 46 |
| -3 | -1 | -1 | 0 | -1 | 8 | 5 | 5 | 7 | 13 | 12 | 11 |
|
| -198.8 | 59.6 | -169.5 | 116.2 | 592.1 | -43.0 | 99.3 | 15.0 | 50.7 | 91.4 | -5.3 | 3.9 |
| -9.9 | -5.0 | -13.5 | 1.7 | 10.5 | 5.2 | 10.2 | 9.0 | 11.4 | 19.7 | 17.4 | 17.4 |
| -39.1 | -15.8 | -43.1 | 6.9 | 47.6 | 27.1 | 54.1 | 62.3 | 93.8 | 179.5 | 170.0 | 176.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| 44 | 41 | 30 | 31 | 40 | 44 | 54 | 64 | 80 | 111 | 140 | 149 |
Current Liabilities Current LiabilitiesCr | 46 | 52 | 50 | 50 | 59 | 39 | 48 | 51 | 42 | 46 | 52 | 57 |
Non Current Liabilities Non Current LiabilitiesCr | 13 | 11 | 3 | 4 | 3 | 2 | 3 | 1 | 3 | 2 | 2 | 2 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 54 | 56 | 40 | 45 | 65 | 53 | 77 | 91 | 96 | 112 | 139 | 154 |
Non Current Assets Non Current AssetsCr | 51 | 50 | 45 | 42 | 39 | 34 | 29 | 27 | 30 | 49 | 56 | 56 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 5 | 13 | 26 | 12 | 26 | 28 | 35 |
Investing Cash Flow Investing Cash FlowCr | 0 | -4 | -5 | -9 | -12 | -34 | -17 |
Financing Cash Flow Financing Cash FlowCr | -4 | -10 | -13 | -1 | -4 | 2 | -12 |
|
Free Cash Flow Free Cash FlowCr | 3 | 10 | 25 | 10 | 22 | 25 | 30 |
| 51.2 | 246.4 | 247.7 | 101.4 | 140.0 | 79.1 | 103.4 |
CFO To EBITDA CFO To EBITDA% | 29.7 | 70.1 | 129.3 | 59.8 | 92.4 | 56.9 | 78.9 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 114 | 65 | 58 | 117 | 86 | 73 | 77 | 116 | 194 | 592 | 412 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 86.2 | 9.1 | 13.6 | 7.2 | 9.4 | 10.4 | 16.7 | 12.3 |
Price To Sales Price To Sales | 1.5 | 1.1 | 0.9 | 1.4 | 1.0 | 0.7 | 0.7 | 0.8 | 1.2 | 3.3 | 2.1 |
Price To Book Price To Book | 2.5 | 1.5 | 1.8 | 3.5 | 2.0 | 1.6 | 1.4 | 1.8 | 2.4 | 5.2 | 2.9 |
| 25.6 | 17.7 | -109.5 | 19.5 | 6.7 | 4.8 | 3.8 | 5.5 | 6.6 | 11.9 | 9.1 |
Profitability Ratios Profitability Ratios |
| 58.5 | 61.1 | 52.7 | 55.9 | 66.2 | 63.0 | 61.2 | 57.1 | 52.3 | 60.5 | 59.0 |
| 7.3 | 8.4 | -1.1 | 8.9 | 18.0 | 18.4 | 19.6 | 15.3 | 17.2 | 27.4 | 22.8 |
| -9.9 | -5.0 | -13.5 | 1.7 | 10.5 | 5.2 | 10.2 | 9.0 | 11.4 | 19.7 | 17.4 |
| -8.0 | -0.1 | -10.0 | 7.8 | 18.6 | 24.0 | 25.8 | 22.6 | 27.6 | 36.7 | 29.7 |
| -16.7 | -7.3 | -26.4 | 4.1 | 22.3 | 11.7 | 19.2 | 18.7 | 22.7 | 31.3 | 23.7 |
| -7.3 | -3.0 | -9.9 | 1.6 | 9.0 | 6.2 | 10.0 | 10.4 | 14.7 | 21.9 | 17.1 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Uni Abex Alloy Products Ltd, established in 1972 and part of the Neterwala Group, is a leading Indian manufacturer and exporter of high-performance centrifugal and static castings made from heat-, wear-, and corrosion-resistant stainless-steel and exotic alloys. With over five decades of experience, the company has evolved from a precision casting manufacturer into a global material solutions provider, serving critical industrial sectors such as **Petrochemicals, Fertilizers, Direct Reduction of Iron (DRI), Oil & Gas, Metallurgy, and Environmental Solutions**.
Headquartered in Dharwad, Karnataka, Uni Abex combines advanced manufacturing capabilities with robust in-house **Engineering Research & Development (ERD)** to deliver engineered alloy components that meet stringent international standards. The company’s strategic vision centers on innovation, operational excellence, and sustainable growth, aligned with India’s "Make in India" and "Viksit Bharat" initiatives.
---
### **Core Business & Product Portfolio**
Uni Abex specializes in:
- **Centrifugal Castings**: Horizontal and vertical, including reformer tubes, radiant tubes, retort tubes, air injection tubes, furnace rolls, decanter bowls, sink rolls, and impellers.
- **Static Castings**: Bends, elbows, tube supports, tube sheets, header assemblies, heating elements, and large-scale single-piece castings (up to 3,000 kg).
- **Fully Machined Components**: Precision-engineered to meet OEM specifications.
**Key Products Include:**
- Reformer and catalyst tubes for Steam Methane Reforming (SMR)
- Radiant coil assemblies
- Decanter bowls for separation processes
- High-temperature furnace components (e.g., diffuser castings, heat-resistant beams)
- Wear- and corrosion-resistant parts for petrochemical, steel, and fertilizer plants
The company leverages **6,000 MT/year melting capacity** and **2,250 MT/year finished casting capacity**, supported by 6,000 machining hours per month, enabling it to fulfill large, complex global orders.
---
### **Innovation & R&D Leadership**
Uni Abex’s **in-house ERD center in Dharwad** is a cornerstone of its competitive advantage, recognized by the Department of Science and Technology, Government of India (since 1995). The center drives innovation in alloy development and process engineering, often in collaboration with premier institutions like **IIT Dharwad** and **IISc Bangalore**.
#### **Key Innovations:**
- **Thermalloy 64 MR (25Cr35NiSiNbTi/R)**:
India's first SMR-specific alloy developed by an Indian foundry. Offers **over 15% longer reformer tube life** under extreme temperatures (1050–1100°C), enhancing efficiency and reliability in petrochemical and fertilizer plants.
- **Enhanced HPNb Alloys**: Modified with rare earth and refractory elements to improve high-temperature creep resistance.
- **Cobalt- & Nickel-Based Alloys**:
Successful development of centrifugal casting processes for **Stellite 3** and **Hastelloy**, enabling high-performance wear and corrosion resistance.
- **17-4 PH Stainless Steel Centrifugal Casting**: Achieved exact mechanical properties meeting international standards.
- **UM-Co Grade**: Domestic cobalt-alloy equivalent for steel mill applications.
- **New Bronze Alloy**: For bushings, gaskets, and liners in marine and industrial applications, improving durability.
The company also launched the **METLeap program** to attract top-tier engineering and management talent, ensuring a strong pipeline for future innovation.
---
### **Strategic Focus & Market Expansion**
Uni Abex is actively executing a **business transformation** from a *"Produce to Print"* to a *"Produce to Application"* model, positioning itself as a **solution provider** in high-growth industrial sectors.
#### **Expansion Initiatives:**
- **Global Footprint**: Exports to **9 countries**, including the **USA, Germany, Sweden, France, Poland, China, Malaysia, Bangladesh, and Uganda**. Achieved **Two Star Export House status (2024)**.
- **North American Market Entry**:
Marked strategic entry via **sponsorship and exhibition at CRU Nitrogen + Syngas USA 2025 (Tulsa, OK)**, targeting fertilizer and syngas producers. Showcasing Thermalloy 64 MR and centrifugal casting expertise.
- **MENA Region Focus**: Identifying high-potential markets for export growth.
#### **Segment Growth:**
- **DRI & Ethylene Cracking**: Expanded product applications, including stabilized 35Cr45Ni alloy for DRI kilns and reformer tubes.
- **Petrochemicals**: 45% YoY sales growth (FY24); positioned to benefit from refinery turnaround cycles.
- **Fertilizer Industry**: Strong presence in syngas technology, supported by reformer and catalyst tube solutions.
---
### **Manufacturing & Operational Excellence**
Uni Abex has invested heavily in **infrastructure, automation**, and **Industry 4.0-compliant systems** to ensure world-class production standards.
#### **Capacity & Capabilities:**
- **Horizontal Centrifugal Castings**: Up to **6,000 mm length** (200 mm OD) or **1,050 mm OD** for shorter lengths.
- **Vertical Conical Castings**: Tallest in India (1,700 mm height, 1,100 mm top OD); world-class at 1,500 mm height, 1,200 mm OD.
- **Static Casting Facility**: 1,200 MT/year capacity; 3,000 kg max single-piece weight.
- **Omega Plant (UK)**: Supports 1,200 MT casting capacity with advanced quality control.
#### **Modernization Initiatives:**
- **New Fully Automated, Industry 4.0-Compliant Facility**: Under development to boost SMR and separation industry casting capacity.
- **Approved Capex**: For a **world-class reformer catalyst tube manufacturing plant** to increase output and meet rising global demand.
- **Advanced Processes**: Automated sand mixing (10 MT/hr), precision machining, standardized heat treatment, and NDT/Destructive testing.
---
### **Financial Performance (FY2024 Highlights)**
- **Revenue**: ₹17,999 lakhs (₹1,799.9 crores)
- **EBITDA**: ₹5,339 lakhs (**77% YoY growth**)
- **PBT**: ₹4,808 lakhs (**90% YoY increase**)
- **PAT**: ₹3,546 lakhs (**91% YoY growth**)
- **Casting Sales**: ₹17,867 lakhs (**12.2% YoY growth**)
- **Petrochemical Segment Sales**: +45% YoY
Growth driven by **strategic market expansion, segment diversification (DRI, decanter), material innovation**, and **favorable raw material pricing**, which improved margins.
---
### **Sustainability & ESG Commitment**
Uni Abex integrates **Environmental, Social, and Governance (ESG)** principles into its operations:
- **Energy Conservation**: Through efficient melting and heat treatment processes.
- **Carbon Reduction**: Aligning with global trends, including green hydrogen in DRI applications.
- **Sustainable Manufacturing**: Waste minimization, recycling, and use of eco-friendly materials.
- **Talent Development**: METLeap program and partnerships with academic institutions to build future-ready metallurgical expertise.
---
### **Recent Milestones & Strategic Events (2023–2025)**
- **Aug 2024**: Participated in **CRU Nitrogen + Syngas Expo (Gothenburg, Sweden)** and **India International DRI Summit (Delhi)**, showcasing cutting-edge solutions.
- **Apr 2025**: Entered North American market through **CRU Nitrogen + Syngas USA 2025**, positioning itself as a key supplier for syngas and fertilizer producers.
- **Aug 2025**: Announced plans for **Industry 4.0 facility**, reaffirming commitment to innovation and global competitiveness.
- **Record Manufacturing Achievement (2024)**: Produced the **largest and longest Mid-rex reformer tube**, validating enhanced capabilities.